Equity Release used to pay off Existing mortgages
Mortgage Strategy reports “Almost half of homeowners, 49 per cent, are using equity release in order to pay off their existing mortgage, according to data collected by Canada Life. The data shows a 14 percentage point rise in the number of people using equity release in order to clear an existing mortgages in the year to Q3 2019. The second most popular reason for releasing equity was for home improvements at 41 per cent.”
At Cotswold Independent Financial Services, our expert financial advisers will help you to fully understand your available options and to find the right equity release product to suit you.
Read the full Mortgage Strategy article here